Shares of Facebook fell more than 3 percent over the weekend as investors tried to grapple with the impact of the latest scandal to hit the Menlo Park-based social media company. The New York Times and The Observer reported over the weekend that the Donald Trump-connected advertising data firm Cambridge Analytica secretly harvested the data of more than 50 million Facebook users to build profiles of them without their knowledge. Facebook said it's working to verify those claims.

The move would knock $23.8 billion off the social network's market value of $538 billion as of Friday's close and shares in other social media companies including Twitter Inc and Snap Inc also dipped in early deals in New York.

The move would knock $23.8 billion off the social network's market value of $538 billion as of Friday's close and shares in other social media companies including Twitter Inc and Snap Inc also dipped in early deals in New York.

While it is near certain that the Fed will raise rates by a quarter basis point on Wednesday, investors are more focused on whether policymakers think economic conditions are strong enough for four hikes this year, one more than the markets expect. Shares of Facebook (FB.O) fell about 4 percent in premarket trading in the wake of reports that the personal data of 50 million users were misused by a political consultant, prompting a review by the company and expressions of concern by several U.S. lawmakers.

Political power grows out of the barrel of a gun, Chairman Mao taught us. Nowadays it is just as likely to derive from the click of a mouse. The latest revelations in the Observer and the New York Times ...

The AARP noted a survey that ranked South Dakota as the third best state to retire in. The South Dakota Retirement System (SDRS), managed by the South Dakota Investment Council (SDIC), ended fiscal 2017 on June 30 with the 22nd consecutive year of being fully funded. For the 20 years ending with fiscal 2017, SDRS saw a remarkable annualized return of 8.1%, topping the 7.2% return of the Standard & Poor’s 500 Index over that period, according to a calculator on DQYDJ.com, and that’s with reinvesting dividends in the latter.

EU Justice Commissioner Vera Jourova plans to discuss the alleged misuse of more than 50 million Facebook users' data with the U.S. social network and with the U.S. government on her visit to the United States this week. The New York Times and London's Observer reported on Saturday that data analytics firm Cambridge Analytica gained inappropriate access to the data of more than 50 million Facebook users in developing techniques to support President Donald Trump's 2016 election campaign. "From a European Union perspective, the misuse for political purposes of personal data belonging to Facebook users – if confirmed – is not acceptable," the European Commission said in a statement.

EU Justice Commissioner Vera Jourova plans to discuss the alleged misuse of more than 50 million Facebook users' data with the U.S. social network and with the U.S. government on her visit to the United States this week. The New York Times and London's Observer reported on Saturday that data analytics firm Cambridge Analytica gained inappropriate access to the data of more than 50 million Facebook users in developing techniques to support President Donald Trump's 2016 election campaign. "From a European Union perspective, the misuse for political purposes of personal data belonging to Facebook users – if confirmed – is not acceptable," the European Commission said in a statement.

BRUSSELS (Reuters) - EU lawmakers will investigate whether the data of more than 50 million Facebook users has been misused, the head of European Parliament said on Monday. Antonio Tajani urged the social ...

EU lawmakers will investigate whether the data of more than 50 million Facebook users has been misused, the head of European Parliament said on Monday. Antonio Tajani urged the social media giant to take ...